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Madison Avenue Sale Completes Upper East Side Assemblage
Cushman & Wakefield arranged the sale of a 9,302-square-foot, mixed-use property at 833 Madison Ave. on Manhattan’s Upper East Side. The final sale price was $17,500,000.
Cushman & Wakefield’s Hunter Moss represented the seller, A. L. Holdings, Inc. A CBRE team led by Daniel Kaplan represented the buyer, Myles Madison, Inc., for whom the acquisition represented the completion of an assemblage of properties spanning 123 feet along Madison Avenue.
“833 Madison presented the rare opportunity to acquire a premier mixed-use asset in one of the most prestigious retail corridors in the world,” said Moss. “Despite financing being a challenge, we were able to lead a highly competitive marketing process where we saw significant interest in the property and received multiple all cash offers. This sale is evidence that buyers are confident in Madison Avenue’s recovery.”
- ◦Sale/Acquisition
